Hold times are leveling out Hold times for PE portfolio companies have been steadily creeping upward since about 2009, peaking around five and a half to six year medians…. Subscribe to Read MoreAlready a member? Log in here...
Are funds-of-funds becoming obsolete? Funds-of-funds have been in the news lately, but not for good reasons. Some major LPs are talking about cutting their exposure to the asset class, possibly altogether…. Subscribe to Read MoreAlready a member? Log in here...
The PE Fundraising Trail Never Looked So Good Blackstone CEO Steve Schwartzman made headlines this week after saying he has “begged, literally begged” young PE execs not to strike out on their own… Subscribe to Read MoreAlready a member? Log in here...
The U.S. Company Inventory is Plateauing One of the concerns facing private equity over the past few years is the rising number of companies under PE control. The U.S. company inventory,… Subscribe to Read MoreAlready a member? Log in here...
Record Year for Middle Market The U.S. middle market is usually responsible for ~60% – 70% of PE activity in any given year. Not in 2014. Last year the middle market accounted for 78% of all PE activity by count,… Subscribe to Read MoreAlready a member? Log in here...
Expect More of the Same in 2015 Final PE numbers for 2014 are in. U.S. deal flow nearly matched 2013 levels at 2,955 investments, but the bigger story was in total value, which grew to $523 billion over 2013’s $501 billion…. Subscribe to Read MoreAlready a member? Log in here...
The “new normal” has arrived We’ve been highlighting the increase in add-on and minority deals for a while. In some respects the rise of buy-and-build and non-control deals has reflected the tough deal-making… Subscribe to Read MoreAlready a member? Log in here...
A Closer Look at Fees For several months now, the SEC has been keeping a closer eye on fee disclosures from PE firms, particularly whether they’re telling their LPs that transaction and monitoring fees are being charged to portfolio companies…. Subscribe to Read MoreAlready a member? Log in here...
Retail Wars: M&A and PE Activity Diverging Poor consumer sentiment hasn’t really dampened enthusiasm among private equity investors, which continue to target… Subscribe to Read MoreAlready a member? Log in here...
A Soft Fourth Quarter This Year We’ve heard from some industry professionals that fourth quarter deal flow is probably going to be softer than normal this year. The first two months of 4Q 2014 have seen 440 PE deals close in the U.S. worth a combined $90.9 billion…. Subscribe to Read MoreAlready a member? Log